Employee Benefit Plan

6 Months Ended

Jul. 01, 2023

Retirement Benefits [Abstract]

Employee Benefit Plan

9. Employee Benefit Plan

Nucor makes contributions to a Profit Sharing and Retirement Savings Plan for qualified employees based on the profitability of the Company. Nucor’s expense for these benefits totaled $194.4 million and $333.0 million in the second quarter of 2023 and 2022, respectively, and $356.6 million and $619.9 million in the first six months of 2023 and 2022, respectively. The related liability for these benefits is included in salaries, wages and related accruals in the condensed consolidated balance sheets.